The relationship between Lordstown and Foxconn has officially gone sour, with Lordstown accusing global technology company Hon Hai Technology Group (and its affiliate, Foxconn Ventures, an Apple supplier) of fraud, bad faith, and repeated contractual breaches, allegedly having no intention of holding up its end of the various commitments. Apparently, “Foxconn simply used its variety of contractual arrangements with the Company as a tool to maliciously and in bad faith destroy Lordstown’s business—while leveraging resources gained through the partnership to advance its own business interests.”
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